KANSAS CITY LIFE INS NEW - KCLI STOCK NEWS

The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on January 23, 2023. This dividend is set to be payable on February 8, 2023, to shareholders on record as of February 2, 2023. Kansas City Life, operating since 1895, provides financial protection through life insurance and annuities across 49 states and the District of Columbia. For further details, visit www.kclife.com.

Kansas City Life Insurance Company reported a net income of $4.5 million or $0.46 per share for Q2 2022, up $0.2 million from Q2 2021. However, for the first half of 2022, the company faced a net loss of $3.2 million or $0.33 per share, contrasting with $3.6 million in net income in the same period of 2021. Total investment revenues declined in both periods, but there was a decline in policyholder benefits and operating expenses which somewhat offset this negative trend. The company's financial health remains imperative as it operates in 49 states and D.C.

The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on July 25, 2022. This dividend will be payable on August 10, 2022, to stockholders who are on record as of August 4, 2022. Established in 1895, Kansas City Life Insurance Company operates in all 49 states and the District of Columbia, primarily offering life insurance and annuities.

Kansas City Life Insurance Company reported a net loss of $7.7 million or $0.79 per share for Q1 2022, compared to a net loss of $0.7 million or $0.07 per share in Q1 2021. The increase in net loss was primarily due to a rise in policyholder benefits, especially death benefits affected by the COVID-19 pandemic. Additionally, amortization of deferred acquisition costs and operating expenses increased, while net investment income and gains declined. However, income tax expense decreased due to a higher pretax loss.

Kansas City Life Insurance Company has announced the election of Walter E. Bixby as President and CEO, succeeding his brother, Philip Bixby, who recently retired. Walter Bixby brings over 40 years of experience within the company, having held several key positions, including Vice Chairman and President of Old American Insurance Company. Kansas City Life, established in 1895, operates in 49 states and the District of Columbia, providing financial protection through life insurance and annuities.

Kansas City Life Insurance Company announces the retirement of R. Philip Bixby as President and CEO, effective April 25, 2022. Bixby, who has been with the company since 1977 and has served as CEO since 1998, will remain as Chairman of the Board. Under his leadership, the company has celebrated 125 years in business and has successfully grown its life insurance and annuity offerings. Bixby expressed pride in the company’s achievements and confidence in its future amid industry challenges.

Kansas City Life Insurance Company reported a net income of $13.1 million or $1.36 per share for Q4 2021, compared to a net loss of $0.8 million or $(0.07) per share in Q4 2020. Annually, net income was $10.7 million, down from $15.2 million in 2020. Key drivers for Q4's improvement included increased net investment gains from real estate sales. However, insurance revenues and net investment income declined, compounded by the pandemic's negative impacts on mortality rates and low interest rates.

Kansas City Life Insurance Company (KCLI) announced the retirement of Senior Vice President, Finance, Philip A. Williams effective February 4, 2022. Williams, who joined the company in 2002, has played a crucial role in managing investments and leading the Finance Department. David A. Laird will succeed him as Senior Vice President, Finance, having been with the company since 1982. Elishia P. Sibbing is promoted to Vice President and Controller. The company, established in 1895, provides life insurance and annuities across 49 states and the District of Columbia.

Kansas City Life Insurance Company announced the sale of its wholly-owned subsidiary, Sunset Life Insurance Company of America, to Bona Holdings, effective November 1, 2021. The company expects to record a net gain of approximately $5.5 million from this transaction. Sunset Life, operational since 1937, ceased writing new business in the early 2000s and was reinsured by Kansas City Life as of December 31, 2020. The sale allows Kansas City Life to consolidate resources and enhance focus on growth and customer service while maintaining existing customer relationships.